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Private Sector Development

Independent Directors in Latin America, a time for change?

Oliver Orton's picture
Also available in: Español


Carl Fuerstenberg, one of the most prominent German bankers of his generation, famously said more than a century ago that shareholders are irrational and impertinent. They are irrational, he said, because they entrust their money to people they don’t control, and impertinent because they expect to receive dividends as a reward for their foolishness.

This dynamic lies at the very heart of the corporate governance challenges faced by many companies and is especially acute in Latin America.

How a new insolvency regime increases opportunities for entrepreneurship in the Dominican Republic

Andrés F. Martínez's picture
Also available in: Español

View from Santo Domingo, Dominican Republic / World Bank

Published in digital portal El Dinero

In the past, a company in the Dominican Republic facing financial difficulties, such as falling behind on tax payments and having outstanding debts with suppliers and cashflow problems, usually faced bankruptcy, with low rates of recovery.

SMEs play starring role in the Dominican Republic

John Martin Wilson's picture
Also available in: Español


Aracelis owns a hair salon in Santo Domingo. Like all the other owners of the nearly 20,000 small and medium-sized enterprises (SMEs) in the Dominican Republic, she dreams about making her business thrive. SMEs in this Caribbean country employ more than 500,000 people, representing a key driver of economic growth. To make their businesses grow and achieve their goals, all business owners need one crucial ingredient: money.
 

The future of Jobs and Skills: A gloomy or glowing scenario for the less skilled workers?

Rita Almeida's picture
Also available in: Español


Fears abound that automation and other advanced technologies will lead to job losses for lower-skilled workers in emerging economies and exacerbate inequality. Each new wave of technological progress is met with dire predictions. The most critic argue that the unprecedented pace of technological change today will have more dramatic effects on the future of work as new technologies (including robots and artificial intelligence) are increasingly replacing more educated workers and more cognitive and analytical work. At the same time, many economists argue that technology adoption will significantly increase firm productivity and result in job expansion, at least in the medium run under certain policy conditions. The impacts of technology adoption on overall employment and on the skills composition of occupations are ultimately an empirical question.

What Is Behind Latin America’s Big Efficiency Gap?

Jorge Thompson Araujo's picture
Blog originally published in The World Post

To understand this, we first need to “unpack” the causes of low efficiency.

 
Countries in Latin America and the Caribbean (LAC) could have been twice as rich, had they enjoyed the same level of efficiency in capital and labor use as the United States of America.

Voix d'Haïti

Isabelle Schaefer's picture
Also available in: English | Español
Cinq ans après le séisme dévastateur qui a frappé la capitale d'Haïti et les villes voisines le 12 Janvier 2010, tuant près de 230 000 personnes, le pays continue à se reconstruire et le peuple haïtien montre des signes de résilience malgré l'incertitude politique actuelle. Presque tout le monde a une histoire à raconter.

« Peu importe à qui vous parlez en Haïti -le médecin de village, le petit entrepreneur à Port-au-Prince, le jeune étudiant universitaire - leur souhait est d'aller de l’avant, "a déclaré l’Envoyée spéciale de la Banque mondiale pour Haïti, Mary Barton –Dock.

Voices of Haiti

Isabelle Schaefer's picture
Also available in: Français | Español
Five years after a devastating earthquake hit Haiti’s capital and nearby towns on January 12, 2010, killing up to 230,000 people, the country continues to rebuild and the Haitian people show signs of resilience despite the current political uncertainty. Almost everyone has a story to tell.
 

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